To find a right broker for share dealing
, we spent seven months and hundreds of hours of assessing 12 different share dealing brokers based in the UK. Here, we will focus on two brokers and compare Fidelity International vs Interactive Investor.
Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (varies depending on the type and size of your portfolio). We researched both to provide a single star rating for cost. Interactive Investor is a better option with a 4.00 star rating over Fidelity International's 3.50 star rating.
Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Interactive Investor supports ISA, ISA - Junior, SIPP and Spread Betting while Fidelity International supports ISA, ISA - Junior, SIPP and SIPP - Junior. Also, some investors require a high-quality charting experience, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Both Fidelity International and Interactive Investor provide clients with access to 0 total charting tools. Interactive Investor offers its clients access to 11 different indicators (for example, volume) while Fidelity International has 0 available indicators, a difference of 11. Interactive Investor offers basic stock alerts while Fidelity International does not. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Fidelity International and Interactive Investor both offer fund research reports.
Overall, between Fidelity International and Interactive Investor, Interactive Investor is the winner
Fidelity International Review
Interactive Investor Review